BHP Billiton Ltd. which is the world's largest mining company has reported a record annual net profit for the year ended June 30 of 15.39 billion US dollars, up 14.7% from the 13.42 billion of the previous year.
The Indian Navy only aircraft carrier, INS Viraat, the former Falkland Islands war veteran HMS Hermes and a flotilla of other men-o-war are scheduled to participate for the first time ever in war games with the British and French navies in the Atlantic Ocean early next year.
Greenpeace has sailed into a mini-storm of annoyed marine biologists after dropping massive granite boulders into the North Sea in an attempt to disrupt fishing. Last week the ship the Beluga II began dropping the first of 150 granite rocks weighing 2 to 3 tonnes onto the seabed.
As the cruise industry keeps advancing and vessels become larger a controversy has erupted in Punta Arenas as to who should pick the bill for the expansion of port facilities both for docking and landing tourists.
The Japanese economy contracted by 0.6% between April and June, prompting fears that it is sliding towards recession. Declining exports and consumer demand were behind the fall - the first for more than a year - which came after a rise of 0.8% in the previous quarter.
As of 2011 all cigarettes sold in the European Union will have to be self-extinguishing in a bid to combat thousands of fire-related deaths and injuries. EC officials said a meeting of experts from all 27 EU member states was expected to endorse proposals by Consumer Protection Commissioner Meglena Kuneva.
Russian tycoon Mikhail Prokhorov paid 300 million Euros for a villa in the French Riviera built in 1902, so grand that it takes a reputed 50 gardeners to tend its gardens, according to the Paris daily Le Monde.
Analysis of the figures from the 2007/8 tourist season shows that tourism to South Georgia in the South Atlantic continues to increase. Sixty-four cruise ship visits were made by 29 different vessels (13 more visits than last year), bringing more than 8000 cruise ship passengers.
The Royal Navy's Ice Patrol Ship HMS Endurance is undertaking a high profile deployment to West Africa to highlight the effects of Climate Change and the importance of Maritime Security.
The 15 economies of the Euro zone contracted by 0.2% between April and June heightening fears the Euro area is sliding towards recession. The first decline since the Euro zone was created in 1999 was driven by a slowdown in exports and consumer spending.